Narrow search
Showing 1 - 10 of 1,940
Cover Image
How Big (Small?) Are Fiscal Multipliers?
Ilzetzki, Ethan - 2011
countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in …
Persistent link: https://www.econbiz.de/10014402360
Cover Image
Fiscal consolidation and public wages
Chang, Juin-jen; Lin, Hsieh-Yu; Traum, Nora; Yang, … - 2019
A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that accounting for the type of government spending is crucial for its macroeconomic implications. Although...
Persistent link: https://www.econbiz.de/10012102036
Cover Image
Would population aging change the output effects of fiscal policy?
Honda, Jiro; Miyamoto, Hiroaki - 2020
Would population aging affect the effectiveness of fiscal stimulus? Despite the renewed focus on population aging … fiscal stimulus to support aggregate demand during recession and thus require larger fiscal space to allow a wider swing of … to promote labor supply could help increase the output effect of fiscal stimulus in aging economies …
Persistent link: https://www.econbiz.de/10012251986
Cover Image
Exploring the output effect of fiscal policy shocks in low income countries
Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012252736
Cover Image
What determines government spending multipliers?
Corsetti, Giancarlo; Meier, André; Müller, Gernot J. - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10009618568
Cover Image
What Determines Government Spending Multipliers?
Müller, Gernot - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10014396507
Cover Image
Fiscal policy multipliers in small states
Alichi, Ali; Shibata, Ippei; Tanyeri, Kadir - 2019
Government debt in many small states has risen beyond sustainable levels and some governments are considering fiscal consolidation. This paper estimates fiscal policy multipliers for small states using two distinct models: an empirical forecast error model with data from 23 small states across...
Persistent link: https://www.econbiz.de/10012009996
Cover Image
Successful austerity in the United States, Europe and Japan
Batini, Nicoletta; Callegari, Giovanni; Melina, Giovanni - 2012
Persistent link: https://www.econbiz.de/10009620965
Cover Image
Successful Austerity in the United States, Europe and Japan
Callegari, Giovanni - 2012
more relevant now that several European countries have had to quickly retract their stimulus measures in an effort to …
Persistent link: https://www.econbiz.de/10014395687
Cover Image
Fiscal Multipliers in Ukraine
Mitra, Pritha - 2015
. In the medium-term, the revenue multiplier becomes insignificant (with a wide confidence interval) and the spending … multiplier strengthens. Capital and current spending have a similar effect on growth but the capital multiplier remains … multiplier estimates suggest a more diverse combination of measures …
Persistent link: https://www.econbiz.de/10014412045